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Twitter<\/strong>\u00a0is reportedly halting its plan to launch a cryptocurrency wallet, days after\u00a0Elon Musk\u00a0<\/strong>announced a plethora of changes since\u00a0taking over<\/a>\u00a0the microblogging platform. The news appears to have significantly dented\u00a0Dogecoin<\/strong>\u00a0DOGE\/USD<\/span>.<\/p>\n What Happened:<\/strong>\u00a0According to Platformer, a recently revealed plan to build a cryptocurrency wallet for Twitter appears to be on pause. As a result, DOGE tumbled 10.86% in the last 24 hours. DOGE is trading at $0.1188, at the time of writing<\/p>\n Musk has been a vocal supporter and an active DOGE investor. In fact, since his Twitter acquisition, the meme coin has skyrocketed over 150% between Oct. 25 and Oct. 29.<\/p>\n See More:<\/em>\u00a0Is Dogecoin a Good Investment?<\/em><\/a><\/p>\n Crypto analyst\u00a0Justin Bennett<\/strong>\u00a0pointed to Dogecoin\u2019s hourly chart and said it looked \u201cinteresting.\u201d \u201cThe apex comes into play before Friday NFPs though so be careful,\u201d he warned in a tweet.<\/p>\n The company is expected to lay off more than 50% of its employees, as per a Bloomberg report.<\/p>\n Twitter did not immediately respond to Benzinga’s request for comment.<\/p>\n Price Action<\/strong>:\u00a0Bitcoin\u00a0<\/strong>BTC\/USD<\/span> and\u00a0Ethereum<\/strong><\/a>\u00a0ETH\/USD<\/span> traded in the green, up by 0.54% and 1.14% in the last 24 hours, according to\u00a0data from Benzinga Pro<\/a>.<\/p>\n